Mid-May 2016 85255 Zip Code Market Report

Zip Code 85255 Statistical Report

Includes DC Ranch, Silverleaf, Grayhawk and Pinnacle Peak Areas

For Single-Family Residences

  • The Mid-May 2016 85255 Zip Code Market Report recorded a drop in inventory in the $1.5M+ price range, clearly a Seller's market for luxury homes.Overall ACTIVE properties: 594 / Low $299K / Average $1.5M
  • All Under Contract with Contingencies: 59 / Low $280K / Average $886K
  • All Under Contract Contingent to the Selling of Buyer’s Home: 7 / Low $380K / High $1.6M / Average $1.1M
  • Pending Sale: 84 / Low $372K / High $6M / Average $1.1M

Sold Properties in the Last Two Months: 187 / Low $275K / Average $913K / High $4.1M
Sold Properties Last Year (Same Two-Month Period): 183 / Low $285K / Average $930K / High $$5.5M

*** Absorption Rate for homes priced up to $1.5M is 3.78 months of inventory, clearly a Seller’s market in this price range.

Overall Absorption Rate: 10.10 months of inventory if no other homes come on the market from today.  As you know, homes are listed and sold every day so this will change as the inventory changes.

Call me for more information 602-359-5439.

* For past Market Update Statistics, please visit www.Scottsdale-ParadiseValleyHomes.com.

Please visit my newly updated web and mobile site at www.NorthScottsdaleHomes.com.

Wondering what your home is worth? Get a Free – No Obligation CMA Email your property address to me: ScottsdaleVictoria@gmail.com

Victoria Felice, Associate Broker - Scottsdale, Paradise Valley and North Scottsdale real estate

Victoria Felice, Realtor Berkshire Hathaway Call/Text: 602-359-5432
Email ScottsdaleVictoria@gmail.com
* passion * energy * results

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About Scottsdale Victoria

Victoria Felice is a Broker Associate at Realty One Group and provides upscale home buyer and home sellers services in the Scottsdale and Paradise Valley area. Call or text Victoria today at 602-359-5432.

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